Blog & Insights
Blog & Insights by Finflicktax
“Stay updated with the latest tax news, financial tips, compliance updates, and expert advice to help you grow your business smartly and stay compliant.”
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GST & Taxation
Stay updated with the latest in GST rules, tax compliance, filing procedures, and expert tips to simplify your tax obligations. Learn how to optimize your taxation strategy and avoid penalties.
GST (Goods & Services Tax)
Taxation (General Concept)
- GST is a specific type of indirect tax levied on the supply of goods and services in India.
- Applicable only on goods and services transactions.
- Indirect Tax
- To simplify indirect taxation by replacing multiple taxes (VAT, Service Tax, etc.) with a single unified tax.
- Ultimately borne by the consumer, but collected by businesses on behalf of the government
- GST on restaurant bills, electronics, clothing, etc.
- Taxation refers to the broader system of collecting various types of taxes by the government (direct & indirect).
- Includes all types of taxes like Income Tax, GST, Customs Duty, Excise, etc.
- Includes both Direct Taxes (like Income Tax) and Indirect Taxes (like GST, Customs).
- To generate government revenue from multiple sources to fund public services and infrastructure.
- Depends on the tax type: Direct taxes are paid by individuals/businesses directly; Indirect taxes like GST are collected via sellers.
- Income Tax, GST, Customs Duty, Stamp Duty, etc.
Business Registration
Discover step-by-step guides and insights on registering your business — whether it’s a Private Limited Company, LLP, or MSME. Navigate legal formalities with ease and get your business officially recognized.
Income Tax & Returns
Everything you need to know about Income Tax in India — from filing returns to claiming refunds, deductions, and smart tax planning strategies for individuals and businesses.
Compliance & Legal Updates
Stay compliant with the latest legal, financial, and statutory requirements. Get regular updates on changing laws, regulatory deadlines, and important compliance tips for businesses.
Financial Tips for Businesses
Boost your business finances with practical advice on budgeting, managing cash flow, reducing costs, and increasing profitability. Master the financial skills that fuel sustainable growth.
Investment & Wealth Management
Explore smart investment strategies, tax-saving instruments, and wealth-building insights. Learn how to grow your personal and business wealth efficiently with expert guidance.
MSME & Startup Resources
Dedicated resources for MSMEs and startups, including government schemes, funding options, tax benefits, and growth strategies to help small businesses thrive in a competitive market.
Finflicktax Blog
Stay updated with the latest in GST, Taxation, Business Finance & Compliance.
Finflicktax Blog
Hassle-free GST Registration via Aadhaar in These 4 States
The Indian government has strengthened the GST registration process to curb fraud by introducing Aadhaar-based registration in select states. This initiative simplifies the process for genuine applicants and enhances the verification mechanism.
Contents: Benefits of Aadhaar authentication, list of applicable states, step-by-step registration process.
GST Council: Structure, Members, Meetings and Functions
The GST Council plays a crucial role in shaping India’s GST framework. It is responsible for recommending tax rates, policy decisions, and ensuring smooth implementation across states.
Contents: Composition of the council, frequency of meetings, decision-making process, and key functions.
How to Add Multiple Businesses Under the Same GST Number?
Learn how businesses can manage multiple operations under a single GST number, simplifying tax filing and compliance for enterprises with diverse business interests.
Contents: Rules for multiple business verticals, procedural steps, and documentation required.
GST on Catering Services and Banquet Services – An Overview
Understand how GST applies to catering and banquet services, including applicable rates, compliance requirements, and invoicing guidelines for service providers.
Contents: GST rates for catering/banquet services, input tax credit eligibility, and invoicing tips.
No Refund for Non-Edible Neem Oil under Inverted Duty
Explore the GST framework on products like non-edible neem oil and understand why refunds are not allowed under the inverted duty structure in certain cases.
Contents: Definition of inverted duty, affected products, and policy rationale.
Overview of Invoice Management System (IMS) in GST Portal
The Invoice Management System (IMS) under the GST Portal is designed to streamline invoice generation, tracking, and reporting for businesses. Learn its features and benefits.
Contents: IMS features, benefits for businesses, implementation roadmap.
Sunset Clause for Anti-Profiteering Measures Under GST
Discover the implications of the sunset clause introduced for anti-profiteering measures under GST and its impact on businesses and consumers.
Contents: Explanation of anti-profiteering, significance of the sunset clause, compliance implications.
LTC Cash Voucher Scheme: Objectives and Benefits
The LTC Cash Voucher Scheme is an initiative by the government to boost spending and support economic recovery. Learn about its objectives, eligibility, and benefits.
Contents: Scheme structure, eligibility criteria, tax benefits.
The Key Differences Between HSN Code and SAC Code
Understand the fundamental differences between HSN (Harmonized System of Nomenclature) Codes and SAC (Services Accounting Codes) in GST classification and their usage in invoicing.
Contents: Definitions, usage scenarios, examples of HSN and SAC codes.
How to Start a Cotton Export Business from India?
India is a leading cotton producer and exporter. This guide covers the steps, compliance requirements, and opportunities for starting a cotton export business from India.
Contents: Export procedure, required licenses, global market insights.
How to Check the GST Registration Revocation Status?
Find out how businesses can track the status of GST registration revocation applications and ensure timely resolution to resume operations smoothly.
Contents: Steps to check status, reasons for revocation, reinstatement process.
Methods Involved in Plastic Waste Management
Explore effective methods and regulatory frameworks involved in plastic waste management to promote sustainability and reduce environmental impact.
Contents: Waste management techniques, EPR compliance, government regulations.
GST on Freelancers – Applicability & Rates
Freelancers in India need to understand the applicability of GST on their services. This article covers GST rates, compliance norms, and filing processes for freelancers.
Contents: GST registration threshold, applicable tax rates, compliance guidelines.
Consent Letter for GST Registration: Meaning, Requirements
When operating from a rented or shared space, a consent letter is often required for GST registration. Learn about its format, requirements, and importance.
Contents: Sample format, essential details, legal significance.
